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White House National Economic Council Director Hassett: The United States will immediately feel the impact of future prices.

2026-09-04

White House National Economic Council Director Hassett: The United States will immediately feel the impact of future prices.

Other News
2026-09-04

According to data from the U.S. Bureau of Labor Statistics, over the past 20 years, there has been a clear upward revision pattern to the initial August non-farm payrolls figures. Between 2006 and 2025, 14 out of 20 August non-farm payrolls figures w

According to data from the U.S. Bureau of Labor Statistics, over the past 20 years, there has been a clear upward revision pattern to the initial August non-farm payrolls figures. Between 2006 and 2025, 14 out of 20 August non-farm payrolls figures were revised upwards after two subsequent revisions, representing an upward revision rate of 70%, with an average revision of +52,300 and a median revision of +61,500. However, this pattern has reversed significantly in recent years: from 2022 to 2025, the initial August figures were revised downwards for four consecutive years, with a downward revision of 64,000 in 2024 and 48,000 in 2025. Looking at a horizontal comparison across months, the revision characteristics are even more pronounced in August: from 2006 to 2025, the average subsequent upward revision of August non-farm payrolls was the highest of the year, followed by November at 48,100, September at 26,900, and December at 19,800.
2026-09-04

1. China Passenger Car Association (CPCA): From August 1st to 31st, the national retail sales of new energy passenger vehicles reached 1.069 million units, a year-on-year decrease of 4%. 2. CPCA: From August 1st to 31st, the national retail sales of

1. China Passenger Car Association (CPCA): From August 1st to 31st, the national retail sales of new energy passenger vehicles reached 1.069 million units, a year-on-year decrease of 4%. 2. CPCA: From August 1st to 31st, the national retail sales of passenger vehicles reached 1.626 million units, a year-on-year decrease of 19% compared to August last year. 3. Ministry of Industry and Information Technology: my country has established a world-leading power battery industry system. 4. Guidelines for the construction of a standard system for the power battery recycling industry are expected to be released this year. 5. US safety regulators are evaluating Tesla's Cybercab test ride service. 6. Tesla: Cybercab will make its first public appearance in China, but it does not involve commercial operation of driverless ride-hailing services. 7. Toyota is considering using hydrogen to replace gasoline to power its parts transportation trucks. 8. Yin Tongyue, Chairman of Chery Holding: All-solid-state batteries are planned for vehicle verification in 2027. 9. Volkswagen is undertaking a major cost-cutting and transformation, planning to cut 50,000 jobs and close four factories. 10. Zeng Yuqun, Chairman of CATL: The industry is competing on speed, specifications, and low prices, but at the cost of product quality and consumer trust. 11. Lu Weibing: Xiaomi Auto has completed the signing of its first batch of European car dealership agreements, and its overseas models will undergo testing in four countries.
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